News 2008-06-09 Andanh.com

The Food Chain: Worries Mount as Farmers Push for Big Harvest Tue, 10 Jun 2008 02:41:24 GMT
As the world clamors for more corn, wheat, soybeans and rice, farmers are trying to meet the challenge. But evidence suggests harvests will be average at best.

Smartphones Now Ringing for Women Tue, 10 Jun 2008 02:50:50 GMT
In a big shift for the phone industry, women have emerged as eager buyers of so-called smartphones, finding use for them beyond the business world.

Lehman Posts Loss and Plans to Raise Capital Tue, 10 Jun 2008 02:46:16 GMT
The firm posted a loss of $2.8 billion, far exceeded the most pessimistic forecasts, and said that it will raise up to $6 billion in fresh capital from investors.

F.H.A. Faces $4.6 Billion in Losses Tue, 10 Jun 2008 02:06:33 GMT
The housing agency attributed the unexpected losses to high default rates in its portfolio of home loans.

Apple Unveils a Faster, Cheaper iPhone Tue, 10 Jun 2008 02:35:58 GMT
Steven P. Jobs announced a new version of the iPhone on Monday with a raft of new programs.

At Airports, Lines Made for Speed Tue, 10 Jun 2008 02:06:31 GMT
A new system, using a ski slope metaphor, has three “self-select” security lines for travelers with various degrees of familiarity with airline checkpoint procedures.

Derivatives Trading Is Scrutinized Tue, 10 Jun 2008 02:38:25 GMT
The regulatory step by the Federal Reserve is intended to assure that the failure of a major financial institution would not create the systemic threat seen in March after the collapse of Bear Stearns.

Stocks Are Steadier, but Analysts Are Cautious Tue, 10 Jun 2008 01:15:55 GMT
The Dow recovered some of its big losses on Monday after oil prices retreated, but the broader stock market remained mixed as financial stocks continued to tumble.

Saudi Arabia Calls for Summit on Energy Costs Tue, 10 Jun 2008 00:55:17 GMT
The energy summit of producers and consumers would focus on “how to objectively deal” with high prices, the Saudi government said.

Bush Talks Up Dollar as He Heads to Europe Tue, 10 Jun 2008 02:33:19 GMT
Amid soaring oil prices and worrisome inflation, the White House is joining with the Federal Reserve in calling for an end to the dollar’s slump.

Big Chains Withdraw Tomatoes From Menus Tue, 10 Jun 2008 01:36:09 GMT
McDonald’s, Wal-Mart and other chains have halted sales of some tomatoes as health officials work to trace the source of a salmonella food poisoning outbreak.

Fewer Planes, but Not Fewer Delays Tue, 10 Jun 2008 02:02:28 GMT
Air traffic cuts, mainly at smaller airports, will not affect overall air delays as landing spots at busy airports will, for the most part, continue to be fully used.

Nickel and Diming, but Still Travelling Tue, 10 Jun 2008 02:02:31 GMT
So far, travel agencies say, business travel is holding steady, although companies are tightening their belts.

Yahoo Shareholders Seek Repeal of Severance Plan Tue, 10 Jun 2008 02:14:50 GMT
An employee severance plan put in place by Yahoo to protect workers after a merger with Microsoft could skew the outcome of a proxy battle, a lawsuit says.

Change of Control at the Los Angeles Times Magazine Tue, 10 Jun 2008 02:02:39 GMT
Control of the monthly magazine would switch from its newsroom to its business operations and the entire editorial staff would be replaced.

Justices to See Philip Morris Case a Third Time Tue, 10 Jun 2008 02:01:31 GMT
The Supreme Court will review for the third time the case of a longtime smoker who died from lung cancer.

Spanish Truckers Block Border Tue, 10 Jun 2008 02:44:53 GMT
In the latest show of distress over fuel prices, Spanish truckers began a blockade of their country’s border with France, lining up their rigs in a crawling strike.

Share Sale by British Bank Draws 95% of Shareholders Tue, 10 Jun 2008 02:02:28 GMT
Analysts said shareholder response to the Royal Bank of Scotland’s record $23.5 billion rights issue was in line with their expectations.

Advertising: A Venerable Sports Paper Plays Catch-Up Tue, 10 Jun 2008 02:02:31 GMT
Now a new owner is hoping to revive the Sporting News, once nicknamed the bible of baseball, by bringing it into the digital age.

Chip Maker Revises Target Tue, 10 Jun 2008 02:02:59 GMT
Texas Instruments narrowed on Monday a quarterly earnings and revenue goal it issued in April because of caution among its chip customers and weak demand for high-end phones.

Kaiser Backs Microsoft Patient-Data Plan Tue, 10 Jun 2008 02:01:36 GMT
Kaiser Permanente is endorsing the drive toward consumer-controlled personal health records in a partnership with Microsoft.

Gadfly, Contending Price Fixing, Sues OPEC Tue, 10 Jun 2008 02:00:36 GMT
Larry Klayman, a lawyer and conservative gadfly, filed a federal lawsuit here accusing the Organization of Petroleum Exporting Countries of price fixing.

Two Actors’ Unions Fight as One Tries for a Deal Tue, 10 Jun 2008 02:02:39 GMT
The dispute increases the likelihood of new labor strife in an entertainment industry still recovering from a writers’ strike that ended just four months ago.

Surprise Increase in Pending Home Sales Tue, 10 Jun 2008 02:06:34 GMT
Pending sales unexpectedly increased in April to the highest reading since October, but they remain more than 13 percent below a year ago, an industry group said.

Discover Is Seeking $6 Billion From Rivals Tue, 10 Jun 2008 02:02:57 GMT
The claim for damage against larger rivals Visa and MasterCard was cited in court papers that had been kept confidential in the antitrust case, first filed four years ago.

CIT Gains Financing for Its Debt Tue, 10 Jun 2008 02:01:43 GMT
The commercial finance company has been struggling to secure financing for billions of dollars of debt maturing this year.

McDonald’s Sales in May Top Forecasts Tue, 10 Jun 2008 00:55:31 GMT
McDonald’s said on Monday that global sales in May were up a stronger-than-expected 7.7 percent at established restaurants, and its shares rose more than 4 percent.

Krispy Kreme Posts a First Quarter Profit Tue, 10 Jun 2008 00:53:05 GMT
The company had trimmed costs as part of its turnaround efforts.

Times Vice President Is Appointed Tue, 10 Jun 2008 02:02:39 GMT
The New York Times announced the appointment of Michael Valentine on Monday as vice president for human resources.

Frequent Flier: Travelers, Yes. Skateboards, No. Tue, 10 Jun 2008 02:02:55 GMT
The time is gone when Tony Hawk, a professional skateboarder, could take his skateboard on a plane as a carry-on.

Memo Pad Tue, 10 Jun 2008 02:02:57 GMT
News about travel, airlines and airports.

Dealbook: CSX Grasping at Straws to End Battle Tue, 10 Jun 2008 02:08:00 GMT
CSX, one of largest railroad companies in the nation, has managed to turn a proxy contest with a British hedge fund into a matter of national security.

For Some Music, It Has to Be Wal-Mart and Nowhere Else Mon, 09 Jun 2008 06:09:05 GMT
Highlighting the diminishing power of recording labels, Wal-Mart is stepping into the breach and making deals directly with artists.

Advertising: To Create Its Hits, a Company Takes Its Toys on Tour Mon, 09 Jun 2008 04:40:18 GMT
Bakugan Battle Brawlers, one of the hottest games in toy stores this year, owes its success to a marketing campaign straight from the Eisenhower era.

News Analysis: Uncertainty as Tribune Prepares to Retrench Mon, 09 Jun 2008 04:53:52 GMT
To deal with shrinking revenue, Sam Zell, the chairman and chief executive of the Tribune Company, cut staff and is aiming for a 50-50 split between ad and news content.

From a Whistle-Blower to a Target Mon, 09 Jun 2008 04:45:58 GMT
Joseph A. Ripp, the man who revealed financial troubles at AOL in 2001, is among several former AOL executives facing a civil lawsuit alleging financial fraud.

A Shift in Real Estate Books Mon, 09 Jun 2008 04:24:51 GMT
With the plunge in the housing market, publishers are updating their backlist titles and rushing out newly acquired manuscripts to advise consumers.

Films With Limited Release Find a Home on the Web Mon, 09 Jun 2008 02:45:39 GMT
The Tribeca Film Institute is joining Amazon.com to create a digital marketplace for films and videos that have been unavailable through conventional retail and Web outlets.

More Channels Are Coming. Will Anyone Be Watching? Mon, 09 Jun 2008 04:04:28 GMT
A new crop of digital channels are making their way into homes, and industry executives say that they have finally figured out how to get people to watch.

A Self-Described Steroid User Loses Job as Fitness Model Mon, 09 Jun 2008 04:13:32 GMT
Iovate Health Sciences severed its contract with Christian Boeving, after the fitness model said in the film “Bigger, Stronger, Faster” that he used steroids.

Media Talk: Wearing CNN’s Quirkiest Headlines Mon, 09 Jun 2008 04:12:54 GMT
CNN.com has a new test for editors: is the headline witty enough to be worn on a T-shirt?

Drilling Down: Radio’s Popularity Declining Unevenly Mon, 09 Jun 2008 04:16:32 GMT
Over the last 10 years, the average share of Americans listening to radio at any given time has shrunk about 14 percent, or 2.3 percentage points.

MGM: A Lion or a Lamb? Sun, 08 Jun 2008 18:35:37 GMT
Despite its enduring legacy, the movie studio hasn’t fit the profile of a full-fledged production company in years.

Jim McKay, Pioneer Sports Broadcaster, Dies at 86 Sun, 08 Jun 2008 04:22:16 GMT
Mr. McKay covered 12 Olympic Games and was the voice of the ABC sports anthology series “Wide World of Sports.”

Ideas & Trends: For New Journalists, All Bets, but Not Mikes, Are Off Sun, 08 Jun 2008 03:12:09 GMT
A citizen journalist embarrasses a former president — and prompts a discussion about the dos and don’ts of ethical reporting in the YouTube age.

The Media Equation: Golden Age for TV? Yes, on Cable Mon, 09 Jun 2008 04:50:58 GMT
Networks have shot by basic cable networks, once the realm of stupid human tricks and commercials for six-minute abs, in the race to the bottom.

British Bank Issues $23.5 Billion in Shares Mon, 09 Jun 2008 19:41:12 GMT
The Royal Bank of Scotland said that 95.1 per cent of shareholders had subscribed to its record $23.5 billion rights issue, a level seen by many analysts as in line with their expectations.

Samsung Launches iPhone Lookalike Mon, 09 Jun 2008 16:56:27 GMT
Korean technology group Samsung launched a new touchscreen smartphone hours before Apple was expected to announce a new version of the iPhone.

British Insurer to Acquire Hilb Rogal for $2.1 Billion Mon, 09 Jun 2008 18:46:31 GMT
The Willis Group’s acquisition plan, aimed at bolstering its presence in the United States, was made possible after a settlement with the New York attorney general’s office.

Memo From St. Petersburg: Money Talks at Russian Forum as Business Leaders See Past Hurdles to Inves Mon, 09 Jun 2008 13:25:00 GMT
Convening in St. Petersburg, big Western companies sent the message that they may be worried about the political environment in Russia, but that they are there to stay.

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